SEC chair issues warning to crypto firms after action on Kraken staking
“Don’t have your hand in the customer’s pocket, using their funds for your own platform," Gary Gensler said to companies that needed to register with the SEC.
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Despite SEC Troubles, Kraken’s Trading Volume Climbs Double Digits
Kraken’s generated trading volume for the past 24 hours increased by almost 15%. The surge contrasts with the company’s issues prompted by the recent SEC investigation and the consecutive termination…
Community urges Coinbase to relist XRP as CEO fights for staking
The community is wondering whether delisting XRP in 2020 was due to Coinbase's willingness to protect customers from “government overreach.”
Kraken reaches $30M settlement with SEC over staking as IRS seeks user information
“Kraken not only offered investors outsized returns untethered to any economic realities, but also retained the right to pay them no returns at all,” said Gurbir Grewal.
Kraken shuts down Abu Dhabi office: Report
Several Kraken employees will reportedly remain in the Middle East and North Africa, with regional managing director Benjamin Ampen likely to leave following the transition.
Darknet Market Solaris Hacked by Competitor, Elliptic Reveals
A leading marketplace on the dark web, Solaris, has been hit by a rival, according to crypto analytics company Elliptic. The Russia-linked platform, which tried to occupy space vacated by…
Crypto layoffs mount as exchanges continue to be ravaged by the prevailing bear market.
Many popular cryptocurrency trading platforms, including Kraken and Coinbase, have recently initiated a fresh round of firings.
Lido overtakes MakerDAO and now has the highest TVL in DeFi
A Nansen in December noted that Ether staking solutions had been in high demand since Ethereum’s shift to proof-of-stake.
Kraken Shutting Down Crypto Exchange in Japan Citing Weak Global Crypto Market
Cryptocurrency exchange Kraken is shutting down services in Japan. The company explained that the current Japanese market conditions and a weak global crypto market do not justify the resources needed…
Report: Before the Bankruptcy Filing, FTX Co-Founder SBF Was Told by Crypto Execs to ‘Stop Trying to Depeg Stablecoins’
According to a recent report published by the Wall Street Journal (WSJ), cryptocurrency executives were allegedly concerned that Sam Bankman Fried’s (SBF) Alameda Research was trying to “depeg stablecoins.” Purportedly,…
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